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11 Dec 2014
AUD/USD on the bid in otherwise bearish trend
FXStreet (Guatemala) - AUD/USD is trading at 0.8332, up 0.07% on the day, having posted a daily high at 0.8338 and low at 0.8312.
AUD/USD has been bid in the events of the US and handover, and remains well placed on the 0.83 handle on top of the 0.8320 support with no signs of budging currently. The USD is getting hit by further offers currently, and meanwhile, the pair maybe also somewhat supported on events in the RBNZ and their own hawkish outlook and upbeat views on their pacific economy.
Meanwhile, in the 4 hours chart, as noted by Valeria Bednarik, chief analyst at FXStreet, the price hovers around a bearish 20 SMA still, while indicators had erased oversold readings from last Monday, standing now directionless around their midlines. “Risk remains to the downside, with the 0.8260 area offering strong support and being the level to break to confirm further slides for the upcoming session”.
AUD/USD has been bid in the events of the US and handover, and remains well placed on the 0.83 handle on top of the 0.8320 support with no signs of budging currently. The USD is getting hit by further offers currently, and meanwhile, the pair maybe also somewhat supported on events in the RBNZ and their own hawkish outlook and upbeat views on their pacific economy.
Meanwhile, in the 4 hours chart, as noted by Valeria Bednarik, chief analyst at FXStreet, the price hovers around a bearish 20 SMA still, while indicators had erased oversold readings from last Monday, standing now directionless around their midlines. “Risk remains to the downside, with the 0.8260 area offering strong support and being the level to break to confirm further slides for the upcoming session”.